Coles buys Bingara Village neighbourhood centre

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Bingara Gorge Village is expected to become a vibrant social gathering and shopping place

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Shopping Centre News

January 19 2024

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To support Wilton’s rapidly expanding population and increasing retail demand, Metro Property Development (Metro) has sold its retail neighbourhood centre site in Bingara Gorge to Coles.

Spanning 450 hectares, Bingara Gorge is the most advanced and highly sought-after development in southwest Sydney’s Wilton region.

Wollondilly Shire Council approved a development application in June 2023 for a full-line supermarket, complementary speciality stores, convenient car parking and Click & Collect services. This retail precinct is located at 30 Pembroke Parade, Wilton.

Luke Hartman, Managing Director at Metro Property Development, said: “Metro made the strategic decision to sell the development site to Coles to reinforce the company’s commitment to community development and confidence in Coles’ ability to enhance Bingara Gorge’s convenience retail offering.

“Metro and Coles’ shared vision is to deliver a high-quality retail asset for the community in the growing Wilton 2040 NSW priority growth precinct. The addition of Coles will provide convenient access to groceries and the diverse amenities will contribute to a high quality of life for residents.

“Centrally positioned within the estate and directly linking with walk and cycle paths, the new contemporary amenity is expected to become a vibrant social gathering and shopping place,” said Hartman.

The development represents a multi-million-dollar investment for Bingara Gorge

More than 100 jobs will be created during construction and over 100 permanent positions.

Fiona Mackenzie, Coles General Manager Property said, “Coles is always excited to deliver world-class supermarkets that serve the local community. We continue to focus on property developments where there are good retail, supermarket outcomes.

“This development represents a multi-million-dollar investment for Bingara Gorge, offering the community more choice, great value and an enhanced shopping experience.”

The new retail precinct will be a short walk from Wilton Public School, Bingara Gorge Golf Course, bus stops, playgrounds and a medical centre.

More than 200 hectares of open spaces, a golf course, playgrounds, tennis courts, walk and cycle paths, leisure centre, retail shops, childcare and primary school complement the development.

Wilton will be home to 40,000 residents by 2040. More than 2,500 people currently reside in the estate with this figure anticipated to grow to more than 5,000 by 2027.

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Shopping Centre News (SCN) is in the ‘information business’, and is perceived as such by its readers. Daily industry news makes shoppingcentrenews.com.au a must-visit as part of the morning routine for those who want to keep right across the latest retail developments and events, while SCN's premium magazine is the leading publication for the shopping centre industry in Australia and New Zealand. Known as the ‘industry bible’ SCN is printed five times a year with fascinating, in-depth features and important critical analysis written by known industry insiders as well as the popular ‘Guns’ reports, which ranks Australian shopping centre performances. Shopping Centre News is the only publication in the world that features centre statistics on Turnover, Turnover per square metre and Specialty Shop turnover per square metre for every major centre in Australia.
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